High mortgage rates drive borrowers to ARMs for savings, expert says
Homebuyers are looking to alternative mortgage products like adjustable-rate mortgages to deal with affordability issues.
Source: foxbusiness.com
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Home price moderation doesn't hit all markets equally
The slowdown also has not been enough to ease affordability in any state given changes in interest rates and incomes, according to research from First American.
Source: nationalmortgagenews.com
Home Price Moderation Varies Significantly By Market
The decline in housing affordability is reducing competition for homes, prompting annual house-price appreciation to moderate — but at rates that vary significantly by market, according to a new report.
Source: nationalmortgageprofessional.com
Judge throws out record $85-million civil rights verdict against San Diego County
Calling the verdict 'far out of proportion to the evidence,' the judge orders a new trial to determine a new amount in the case of Lucky Phounsy's in-custody death.
Source: latimes.com
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Judge throws out $85M verdict over San Diego custody death
Lucky Phounsy was hogtied, tasered and restrained at a relative's home on April 13, 2015. He died several days later. In March 2022 a jury found San Diego County liable and awarded his family $85 million.
Source: nydailynews.com